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中文Dominican Republic
Residency by Investment Residencies Plan of Dominican Republic (North America)
Residency by Investment
The program may allow you to obtain an instant permanent residence permit by investing in movable or immovable property or bringing your regular passive income or pension to the country.
Permanent Residency must be renewed 1 year after its issuance. The other renewals must be made every 4 years.
Through the program, after 2 years of permanent residency you may be eligible for naturalization, provided that investment/income requirements are still met.
To become a citizen, you will have to be fluent in Spanish, as you are going to attend an interview with an official, where you will state the reasons why you want to be a Dominican citizen, while your knowledge about the country's values, traditions and culture, and your Spanish skills will also be tested.
Although there is no official physical residence requirement, it is recommended to spend significant periods of time in the country prior to naturalization, and to prove some ties to the country.
investment
Person of independent means
You may obtain your permanent residence in Dominican Republic if you can prove that you will receive a monthly passive income from a foreign-source for an amount of at least US$2,000 for 5 years, and you are able to transfer it to a local bank.Passive income may be derived from:
- Deposits and/or investments in foreign banks.
- Remittances from foreign financial institutions.
- Investments in foreign companies.
- Yields from real estate located abroad.
- Interests from securities in foreign currency, that are in financial institutions legally authorized to operate in the Dominican Republic.
- Investments from securities issued in national or foreign currency, provided that the capital invested is generated abroad, and the currency exchange is made in the national financial system.
- Interests, income or dividends from real estate investments in the Dominican Republic, provided that the investment was made from foreign resources.
For each dependent, an additional amount of US$250 is required.
Income received from wages or company profits do not qualify.
To renew the permanent residence permit and/or apply for naturalization, you must prove that at least US$2,000 monthly passive income has been transferred to a local bank.
Requirements
- Do not suffer from a contagious disease or a mental illness that alters your behavior.
- Clean Criminal record.
- Letter signed before a notary by a Dominican or permanent resident alien in the Dominican Republic that guarantees that you will at no time be a charge for the Dominican State. In addition to the expenses of repatriation and others, if necessary, evidence of an insurance policy. This guarantee must include any dependents too.
- Bank letter stating that you have a bank account at a Dominican bank.
- Receipt of foreign currency income to the country and original certification of the receiving bank in the Dominican Republic.
- For foreign bank deposits or foreign financial institution remittances, account number, average annual balance, time that the account has been open for, and a certified copy of the investment certificate.
- For investments in foreign entities, a certificate issued by the company that certifies that the investment provides stable and permanent income for a period of no less than 5 years, in addition to the documentation proving you as a shareholder or owner.
- For foreign real estate income, proof that you have permanent income from abroad for a period of no less than five years, through an original of the contract of rent and copy of the original title of the property.
- For foreign currency securities in DR, certificate issued by the financial institution authorized to operate in the Dominican Republic that certifies that these interests provide you with stable and permanent income for a period of no less than five years.
- For national/foreign currency securities, a certificate issued by an institution certifying that these profits obtained by investment in securities will provide stable and permanent income for a period of no less than five years, in addition to the copy of the securities issued in foreign and / or national currency, but whose capital has been generated abroad.
- For DR real estate, certification issued by deed registration on the property purchased in the Dominican Republic and copy of the deed.
- For real estate investments that yield dividends and interest, certification of these investments.
- For rental income, you must deposit the lease duly registered or legalized, in addition to proof that the money invested in real estate investment comes from abroad. Receipt of currencies to the country, by copy of checks or notice of transfer of financial institution established abroad.
Restricted Nationalities
No nationality is officially restricted
dual citizenship
Dual citizenship is recognized in Dominican Republic. You are not required to renounce your previous nationality to become a citizen of Dominican Republic.
Documents Required
- Certified copy of passport
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Original Police Clearance Certificate
- Evidence of Health Insurance
- Medical Certificate
- Nine passport-size photos
- Proof of income
- Bank Statement
- Original Bank Reference Letter (Not older than 6 month)
- Affidavit of support for Dependents
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required Yes
- Language skills required No
- Interview required No
- Investment Single -
- Investment Family 4 -
- Minimum annual income $24,000
- Time to citizenship 24
- Time to permanent residency 3
- Visa-free countries 56
- Financing available No
Dominican Republic
The Dominican Republic is located in the central zone of the Antilles of the Caribbean, in the eastern two-thirds of the island of Hispaniola. It borders the Atlantic Ocean to the north, the Mona Channel to the east, which separates it from Puerto Rico, the Caribbean to the south. It shares a land border to the west with Haiti, which is the other country located on Hispaniola. With 48,670 sq. km and a population of more than 10,785,000 inhabitants, it is the second largest and populated country of the region, after Cuba. Its capital is Santo Domingo and its official and most spoken language is Spanish. The currency of legal tender is the Dominican Peso, although the US dollar is involved in almost all commercial transactions, and together with the Euro, is widely accepted in most tourism avenues.
- National Flag of:Dominican Republic
- Currency:DOP
- Area Code:1809
- Capital:Santo Domingo
- Continent:North America
- Native Languages:Spanish
- Population:9,823,821
BENIFITS
With your new passport from Dominican Republic you'll be able to access 56 countries visa free
citizenship benefits Visa-free or Visa on arrival to 56 countries including Japan South Korea Singapore Low cost citizenship The right to live and work in Dominican Republic at all times Access to educational and healthcare benefits permanent residency benefits The right to live and work in Dominican Republic without any time limit Territorial tax system Warm climate Be eligible for citizenship in a short period of timeFEES
| ITEM | AMOUNT |
|---|---|
| processing fees main applicant | RD$ 1 |
| 500 | |
| certificate issuance fee | RD$ 9 |
| 350 (over 16) RD$ 6 | |
| 800 (under 16) | |
| other fees | Medical Check: RD$ 3 |
| 160 (over 16) | |
| RD$ 2 | |
| 140 (under 16) Stamp duty: RD$ 305 (over 16) | |
| RD$ 101 (under 16) | |
| total fees main applicant | RD$ 14 |
| 315 | |
| processing fees spouse | RD$ 1 |
| 500 | |
| certificate issuance fee | RD$ 9 |
| 350 (over 16) RD$ 6 | |
| 800 (under 16) | |
| other fees | Medical Check: RD$ 3 |
| 160 (over 16) | |
| RD$ 2 | |
| 140 (under 16) Stamp duty: RD$ 305 (over 16) | |
| RD$ 101 (under 16) | |
| total fees spouse | RD$ 14 |
| 315 | |
| processing fees dependents -18 | RD$ 1 |
| 500 (16-18) | |
| certificate issuance fee | RD$ 9 |
| 350 (over 16) RD$ 6 | |
| 800 (under 16) | |
| other fees | Medical Check: RD$ 3 |
| 160 (over 16) | |
| RD$ 2 | |
| 140 (under 16) Stamp duty: RD$ 305 (over 16) | |
| RD$ 101 (under 16) | |
| total fees dependent -18 | RD$ 14 |
| 315 (16-18) RD$ 9 | |
| 041 (under 16) | |
| processing fees dependents 18-25 | RD$ 1 |
| 500 | |
| certificate issuance fee | RD$ 9 |
| 350 (over 16) RD$ 6 | |
| 800 (under 16) | |
| other fees | Medical Check: RD$ 3 |
| 160 (over 16) | |
| RD$ 2 | |
| 140 (under 16) Stamp duty: RD$ 305 (over 16) | |
| RD$ 101 (under 16) | |
| total fees dependent 18-25 | RD$ 14 |
| 315 | |
| processing fees dependents +65 | RD$ 1 |
| 500 | |
| certificate issuance fee | RD$ 9 |
| 350 (over 16) RD$ 6 | |
| 800 (under 16) | |
| other fees | Medical Check: RD$ 3 |
| 160 (over 16) | |
| RD$ 2 | |
| 140 (under 16) Stamp duty: RD$ 305 (over 16) | |
| RD$ 101 (under 16) | |
| total fees dependent +65 | RD$ 14 |
| 315 |
TAXES
To be a tax resident in the Dominican Republic, you must reside for more than 182 days in a year in the country, continuously or not.
Income tax is levied on a territorial basis. This means that only local-source income is subject to taxation, whereas foreign-source income is usually exempt, except certain foreign-source investment income and financial gains, which may be subject to taxation.
However, new residents are fully exempt on taxes on foreign-source investment income and gains for their first three years of residency.
Personal income tax is levied at progressive rates up to 25% on annual income exceeding DOP833,171. Capital gains are treated as ordinary income, and shares and cash dividends are exempt, provided that a final withholding tax of 10% was applied on source.
Interests from Dominican banks and financial institutions are also exempt from taxation. Rental Income is treated as ordinary income.
The real property tax rate is 1% and it applies on the exceeding value of residential properties over DOP7.019 million. Transfer of real property is subject to a 3% tax on the transfer value.
Inheritance tax is levied at 3%, whereas gifts are taxed at a 25% rate.
V.A.T. is levied at rates between 13% and 18%, although certain goods and services are exempt.
Regarding corporate taxation, resident entities are subject to income tax on their income derived from Dominican sources. Foreign-source income is usually tax-exempt. The corporate income tax rate is 27%.
Dividends received are tax exempt provided that they were taxed on source. Capital gains are included in taxable income and taxed at standard rates. However, those from the disposal of shares may not be subject to taxation.
To learn more about Dominican Republic corporate legal framework, taxation and tax treaties, check out
incorporations.io/dominican-republic.
| TAX ITEM | DESCRIPTION |
|---|---|
| Property tax | Yes |
| Transfer tax | No |
| Inheritance tax | Yes |
| Net worth tax | No |
| CFC law | No |
| Tax residency days | 183 |
| Personal income tax rate | 25% |
| Capital Gains tax rate | 27% |
| Investment income tax rate | 10% |
| Territorial taxation | Yes |
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